Sterling Check shares are trading higher after the company agreed to be acquired by First Advantage for approximately $2.2B, including outstanding debt
Portfolio Pulse from Benzinga Newsdesk
Sterling Check shares are trading higher following the announcement that the company will be acquired by First Advantage for around $2.2 billion, including outstanding debt.
February 29, 2024 | 11:20 am
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Sterling Check's stock is trading higher after the acquisition announcement by First Advantage for approximately $2.2 billion, including debt.
The acquisition news typically leads to a positive short-term reaction in the stock price of the company being acquired, as it often comes at a premium to the current market price. In this case, Sterling Check's stock is trading higher, reflecting the market's positive reception to the acquisition terms.
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IMPORTANCE 90
RELEVANCE 100